Rust, MI is a small town located in the center of Michigan. It is home to several local companies such as Rust Motors, Rust Hardware, and Rust Liquor Store. The town has a population of just over 1,400 people and offer amenities like schools, churches, parks and more.
Rent in Rust is much lower than the US average for two bedroom housing; at $810/month it is almost 40% less than the national average of $1,430/month. Groceries are also cheaper here with an index of 91 as compared to 100 in the US. This means that grocery costs are about 9% lower than in other parts of the country.
Rust has an unemployment rate of 10.2%. The US average is 6.0%.
Rust has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Rust
- The Sales Tax Rate for Rust is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rust is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rust
- The average income of a Rust resident is $22,172 a year. The US average is $28,555 a year.
- The Median household income of a Rust resident is $42,625 a year. The US average is $69,021 a year.